Landscape Capital Management L.L.C. Takes $651,000 Position in Invitation Homes Inc. (NYSE:INVH)

Landscape Capital Management L.L.C. acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the 3rd quarter, HoldingsChannel reports. The firm acquired 18,456 shares of the company’s stock, valued at approximately $651,000.

A number of other institutional investors also recently bought and sold shares of INVH. KBC Group NV grew its stake in shares of Invitation Homes by 450.8% in the 3rd quarter. KBC Group NV now owns 586,832 shares of the company’s stock valued at $20,691,000 after buying an additional 480,291 shares during the period. Swedbank AB purchased a new position in Invitation Homes in the first quarter worth approximately $16,368,000. Manning & Napier Advisors LLC acquired a new stake in Invitation Homes during the second quarter worth $13,123,000. Panagora Asset Management Inc. raised its position in Invitation Homes by 4,524.1% in the second quarter. Panagora Asset Management Inc. now owns 300,795 shares of the company’s stock valued at $10,796,000 after purchasing an additional 294,290 shares during the period. Finally, PGGM Investments lifted its stake in shares of Invitation Homes by 4.9% in the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock valued at $176,812,000 after purchasing an additional 232,012 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Up 0.2 %

Shares of Invitation Homes stock opened at $33.88 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a market capitalization of $20.76 billion, a P/E ratio of 47.72, a P/E/G ratio of 5.14 and a beta of 1.02. The company has a 50 day moving average of $34.10 and a 200 day moving average of $35.01.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.31%. Invitation Homes’s payout ratio is currently 157.75%.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of recent analyst reports. Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. UBS Group upped their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and dropped their target price for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Finally, Mizuho decreased their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.